Selected accounts from Bennett Co.'s adjusted trial balance for the year ended December 31 follow. Prepaid...

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Selected accounts from Bennett Co.'s adjusted trial balance for the year ended December 31 follow. Prepaid rent Accounts receivable $ 2,500 Accounts payable 17,500 27,000 35,700 Cash $ 4,000 1,500 9,900 Allowance for doubtful accounts Notes payable (due in 10 years) Notes receivable (due in 4 years) Total equity 4,100 Prepare a classified balance sheet Note Allowance for doubtful accounts is subtracted from accounts receivable on the company's balance sheet. BENNETT CO Balance Sheet December 31 Assets Current assets Total current assets Long-term investments Total assets Current liabilities Long-term liabilities Total Bababes Total equity Total abilities and equity Liabilities Equity Selected accounts from Bennett Co.'s adjusted trial balance for the year ended December 31 follow. Prepaid rent Accounts receivable $ 2,500 Accounts payable 17,500 27,000 35,700 Cash $ 4,000 1,500 9,900 Allowance for doubtful accounts Notes payable (due in 10 years) Notes receivable (due in 4 years) Total equity 4,100 Prepare a classified balance sheet Note Allowance for doubtful accounts is subtracted from accounts receivable on the company's balance sheet. BENNETT CO Balance Sheet December 31 Assets Current assets Total current assets Long-term investments Total assets Current liabilities Long-term liabilities Total Bababes Total equity Total abilities and equity Liabilities Equity

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BENNETT CO Balance Sheet December 31 Assets Current Assets Prepaid rent Accounts r... View the full answer